Tp Takku Ligueye Group

This group comprises four women who are very active in the local village loan group created in September 2007. They all come from the same area and have good relationships with each other. Their main activity is running small businesses.
Ms. Monique (sitting on the right in the photo) is the star borrower - she is a 72-year-old widowed mother of five children: two sons and three daughters.
She sells and buys vegetables, a business she has run since 1997.
With this loan, she intends to buy 25 crates of tomatoes in the western and central-western regions to sell in the central region. The breakdown is as follows:
- 12,000 FCFA paid per crate stuffed with tomatoes
- 1,500 FCFA paid per crate for transportation
- 200 FCFA paid per crate for market facilitation fees
- 18,000 FCFA earned from selling one crate
Thus, after subtracting the additional variable sales-related costs, estimated at 300 FCFA per crate, she finds herself with a net profit of 4,000 FCFA per crate.

The profits from her business will allow her to save money, continue the construction of her house, and take charge of her children's education.

Additional Information

About CAURIE Micro Finance

The mission of CAURIE Micro Finance is to contribute sustainably and to offer microfinance services adapted to impoverished micro-entrepreneurs, primarily women, based on the principles of ‘credit for the poor’ and on microfinance best practices, all while investing in order to become financially independent.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.